Waterman State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.6% deniedProcesswithdrawn + incomplete share, weight 15%
23rd18.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 374 | 304 | 3.7% | 4.4% | — | $109M |
| 2024 | 385 | 314 | 4.9% | 5.7% | — | $120M |
| 2025 | 481 | 357 | 4.6% | 5.6% | — | $162M |
What Waterman State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 54 investment properties.
Who gets approved at Waterman State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 101 | 75 | 6.2% |
| $100k – $150k | 104 | 78 | 5.7% |
| $150k – $250k | 137 | 95 | 4.0% |
| Over $250k | 122 | 98 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 165 | 126 | 2.3% |
| 35–44 | 161 | 116 | 5.5% |
| 45–54 | 75 | 59 | 9.1% |
| 55–64 | 42 | 28 | 9.1% |
| 65–74 | 21 | 15 | 0.0% |
Where Waterman State Bank lends
24 states and 74 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Waterman State Bank denied 5.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
In 2025, 74% of its applications were for home purchases, 24% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 93% conventional, 7% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.